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Risk Snapshot: The Growing Risks of Non-Bank Financial Intermediaries

Wednesday, September 20, 2023 11:00 AM

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The IMF’s 2023 Global Financial Stability Report noted that the nonbank financial intermediary (NBFI) sector has climbed to nearly 50 percent of global financial assets. Since “the smooth functioning of the nonbank sector is vital for financial stability,” the report warns of “vulnerabilities related to financial leverage, liquidity, and interconnectedness” in the NBFI ecosystem.

Drawing on nearly 500 global responses from Financial Risk Managers (FRM®) to a recent GARP Risk Snapshots survey, Bill May, GARP’s Global Head of Certifications and Educational Programs, will moderate a panel discussion on the potential risks NBFIs pose to the financial system. The expert panel will explore a range of topics including:

  • Drivers of NBFI-related risk 
  • Measuring and managing the impact of NBFI-related risk at the firm level
  • Systematic risk that NBFIs may pose to the global financial system
  • Future challenges and regulatory implications of growing NBFI-related risk

Speakers

William May

William May
Managing Director, Global Head of Certifications and Educational Programs

Michael Imerman, Ph.D.

Michael Imerman, Ph.D.
Assistant Professor of Teaching in Finance, The Paul Merage School of Business

Gary H. Stern

Gary H. Stern
Former President, Federal Reserve Bank of Minneapolis

Matteo Aquilina, Ph.D.

Matteo Aquilina, Ph.D.
Senior Economist, Monetary and Economic Department, Financial Stability Policy, BIS

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